In this episode, Kevin Thompson, founder and CEO of 9i Capital Group, tackles five widespread tax myths popularized by social media influencers. He clarifies misconceptions about LLC tax benefits, the tax obligations of the wealthy, hiring children for tax savings, filing requirements for low-income earners, and reporting small amounts of income. Kevin emphasizes the importance of legitimate business practices, accurate income reporting, and always filing tax returns to maximize refunds and avoid IRS issues. He encourages listeners to seek reliable advice, subscribe to the podcast, and explore his book for further financial education.

Myth 1: Starting an LLC for Tax Benefits (00:00:54)

Myth 2: The Rich Don’t Pay Taxes (00:03:41)

How the Ultra-Wealthy Reduce Taxes (00:06:03)

Myth 3: Hiring Your Children for Tax Advantages (00:07:18)

Myth 4: No Need to File Taxes Below Standard Deduction (00:09:37)

Myth 5: Not Reporting Income Under $600 (00:10:57)

Conclusion and Thoughts on “Advanced Tax Planning” (00:12:13)

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Corrections: Editing by http://SwoleNerdProductions.com

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Welcome to the 9Innings Podcast where we Educate, Empower and Engage.

ON THIS WEEKS PODCAST: Kevin describes why he decided to open his own RIA, and what lead to his move. He also talks about what he discovered after the move was made, and talk some "Fact vs Fiction". Companies will often make you feel as if you cannot live without them, Kevin takes you on his journey and why that "may" not be true. Website: http://www.9icapitalgroup.com

On this episode of the 9Innings Podcast: Why does the stock market keep climbing while Main Street struggles with rising unemployment, sticky inflation, and frozen housing? In this episode, Kevin Thompson breaks down the disconnect between Wall Street and Main Street — and why investors and economists can look at the same economy but see two very different realities.

✅ Topics we cover:

• The Federal Reserve’s dilemma: cutting rates vs. fighting inflation
• The TINA Effect (There Is No Alternative) and why it keeps money flowing into stocks
• The housing market freeze and why sub-4% mortgages lock people in place
• Why you should never fully trust financial TV pundits
• The investor lens vs. the economist lens

The bottom line: Wall Street looks at tomorrow. Main Street lives in today. Understanding both is the key to navigating this market.

🔔 Don’t forget to subscribe for more insights on markets, policy, and financial planning.

(01:03) – The Market Disconnect: Stocks soar while Main Street struggles

(02:28) – The Fed’s Dilemma: Inflation, unemployment, and rate cuts

(03:40) – TINA Effect: Why “There Is No Alternative” keeps money in stocks

(04:56) – Owning Assets: Staying ahead of inflation and stagnant wages

(06:15) – Housing Freeze: Sub-4% mortgages and a locked-up market

(07:54) – Unlocking Equity: Ways homeowners navigate today’s housing trap

(10:31) – GDP Math: Capex growth vs. consumer weakness

(12:03) – Two Lenses: Investor optimism vs. economist caution

(13:24) – Key Takeaways: Understanding the disconnect

NEWSLETTER (WHAT NOW): https://substack.com/@9icapital?r=2eig6s&utm_campaign=profile&utm_medium=profile-page

Follow Us: youtube: / @9icap

Linkedin: / kevin-thompson-ricp%c2%ae-cfp%c2%ae-74964428 facebook: / mlb2cfp

Buy MLB2CFP Here: https://www.amazon.com/MLB-CFP%C2%AE-90-Feet-Counting-ebook/dp/B0BLJPYNS4

Website: http://www.9icapitalgroup.com

Hit the subscribe button to get new content notifications.

Corrections: Editing by http://SwoleNerdProductions.com

Disclosure: https://sites.google.com/view/9idisclosure/disclosure